Industry - Global Industry Forecasts - Aerospace
The aerospace industry is set to continue its positive growth trajectory in 2024, although at a slower rate compared to the previous year, with a forecasted expansion of 5%. Growth is expected to be more robust in advanced economies, with notable increases in defense spending in Europe, Japan, and China in response to rising geopolitical tensions. The industry is also grappling with challenges, such as Boeing's production uncertainties following the Alaska incident, which have ripple effects on its supply-chain. Meanwhile, Airbus is ramping up its production capabilities in Europe.
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